TMI Blog2017 (12) TMI 1879X X X X Extracts X X X X X X X X Extracts X X X X ..... e assessment proceedings of the assessee nor anybody attended proceedings before the First Appellate Authority. Therefore, it appears that the assessments made in the cases of other assessees of the group were not verified and the entire disclosure amount has been added in the hands of the appellant assessee. In our considered opinion, a grave prejudiced has been caused to the assessee by such non verification. Therefore, in the interest of justice, we restore these appeals to the files of the A.O. A.O. is directed to verify from the assessment records of Shreem Developers and Others, The amount of undisclosed income offered during the course of the search proceedings as per the statement mentioned hereinabove. If the A.O. is satisfie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ees of the group. The ld. counsel further stated that by adding the same income in the hands of the assessee amounted to double addition of the same undisclosed income. 5. A perusal of the record shows that following question was asked and answered while recording the statement u/s. 132(4) of the Act of Shri Vijaynarayan Jaju on 14.06.2013:- 6. The statement was concluded with the following : 7. On 22.11.2013 by a letter addressed to ITO (Inv.), the assessee bifurcated the disclosure as under:- Shri M.J. Rana Dt. 22/11/13 Income Tax Officer (Inv.) Unit-1/Ward-1, Ahmedabad Sub: My statement recorded u/s. 132(4) Sir, With reference to my statement recorded u/s. 132(4) during th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.00 0.00 0.00 19300000.00 19300000.00 Vijay Jaju Personal 0.00 0.00 0.00 2000000.00 2500000.00 4500000.00 Anand Patel Personal 0.00 0.00 0.00 1500000.00 1500000.00 3000000.00 Total 7200000.00 16200000. 00 2700000.00 43800000.00 94351000.00 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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